US Bancorp DE Has $1.25 Million Stake in Commvault Systems, Inc. (NASDAQ:CVLT)

US Bancorp DE trimmed its holdings in Commvault Systems, Inc. (NASDAQ:CVLT) by 2.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,309 shares of the software maker’s stock after selling 190 shares during the period. US Bancorp DE’s holdings in Commvault Systems were worth $1,254,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its position in shares of Commvault Systems by 25.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 586,795 shares of the software maker’s stock valued at $90,278,000 after buying an additional 120,779 shares in the last quarter. Summit Partners Public Asset Management LLC acquired a new stake in shares of Commvault Systems in the third quarter valued at approximately $67,722,000. Point72 Hong Kong Ltd raised its position in shares of Commvault Systems by 37.9% in the third quarter. Point72 Hong Kong Ltd now owns 23,421 shares of the software maker’s stock valued at $3,603,000 after buying an additional 6,433 shares in the last quarter. Intech Investment Management LLC raised its position in shares of Commvault Systems by 31.8% in the third quarter. Intech Investment Management LLC now owns 24,074 shares of the software maker’s stock valued at $3,704,000 after buying an additional 5,805 shares in the last quarter. Finally, Centiva Capital LP raised its position in shares of Commvault Systems by 193.2% in the third quarter. Centiva Capital LP now owns 8,567 shares of the software maker’s stock valued at $1,318,000 after buying an additional 5,645 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Commvault Systems Stock Performance

NASDAQ CVLT opened at $154.26 on Friday. The firm’s fifty day moving average price is $165.27 and its two-hundred day moving average price is $160.43. The stock has a market cap of $6.79 billion, a PE ratio of 40.49 and a beta of 0.62. Commvault Systems, Inc. has a fifty-two week low of $93.48 and a fifty-two week high of $190.11.

Insiders Place Their Bets

In related news, insider Gary Merrill sold 3,287 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $186.94, for a total value of $614,471.78. Following the sale, the insider now owns 87,316 shares of the company’s stock, valued at $16,322,853.04. The trade was a 3.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Sanjay Mirchandani sold 12,318 shares of the business’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $185.96, for a total transaction of $2,290,655.28. Following the completion of the sale, the chief executive officer now directly owns 427,231 shares in the company, valued at approximately $79,447,876.76. This represents a 2.80 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on CVLT shares. StockNews.com upgraded shares of Commvault Systems from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th. William Blair upgraded shares of Commvault Systems from a “market perform” rating to an “outperform” rating in a research report on Thursday, January 30th. Oppenheimer initiated coverage on shares of Commvault Systems in a research report on Wednesday, November 13th. They set an “outperform” rating and a $200.00 price objective for the company. Guggenheim restated a “neutral” rating on shares of Commvault Systems in a research report on Wednesday, January 29th. Finally, KeyCorp boosted their price objective on shares of Commvault Systems from $192.00 to $195.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $156.44.

About Commvault Systems

Commvault Systems, Inc provides data protection platform that helps customers to secure, defend, and recover their data in the United States and internationally. The company offers Commvault Backup and Recovery, a backup and recovery solution; Commvault Disaster Recovery, a replication and disaster recovery solution; Commvault Complete Data Protection, a data protection solution; and Metallic Data Protection as-a-service, which delivers enterprise-grade data protection as a service on a cloud platform, with advanced built-in security controls.